SUQA Coin: What You Need to Know And How You Can Join SUQA Right NOW!

First, a little about myself. I have 32 years experience working with technology from computers, to radar systems, to data centers, to routers, switches and so much more. I first mined bitcoin in 2010 (failed miserably — had no clue!) Since then, I have endeavored to understand this relatively new wonder of the world. I have come to appreciate that we live in interesting times largely because of the emergence of the blockchain. I have mined various coins for nearly a decade, written guides for setting up masternodes, edited whitepapers, and served as adviser on various blockchain projects. I always strive to act in good faith by being open and transparent when working on behalf of any crypto project. SUQA is a breath of fresh air compared to many recent startups.

This article will explain what sets SUQA coin apart from recent cryptocurrency releases. Of course, the reader will be given the usual information about this coin such as the algorithm, supply, team, and other must-have info. But much more than that, you shall understand why SUQA is among the recent blockchain pioneers that so many crytpto enthusiasts have been flocking to!

So here’s an outline of what’s ahead so that you can jump around if you like:

  1. Specifications
  2. The Ever-Growing SUQA Ecosystem
  3. Use Cases
  4. Unique Proof of Work Algorithm with Staying POWER!
  5. Why People Support SUQA and Why You Should Too!!
  6. How You Can Participate in SUQA NOW!!!
Image result for specifications public domain images
  1. Specifications

Coin name: SUQA
Ticker : SUQA
Algorithm : X22i (Dedicated FPGA/ASIC Resistance)
Coin Type: POW
Max. supply: 1,078,740,313+10% Development Budget
Block Time: 2 minutes
Max Block Size: 16mb
Max tx/s: 533 tx/s (Fastest KnownPOW Tx/s)
Difficulty Retarget Algorithm: DarkGravityV3
RPC port: 20971
P2P port: 20970
Ico: No
Pre-Mine: No
Masternode: No
Pre-Sale: No
Development-Budget: 10%
Genesis: 26 September, 2018

Block rewards
 
1 to 22,000: 10,000 = 220,000,000
22,001 to 50,000: 5,000 = 139,995,000
50,001 to 100,000: 2.500 =124,997,500
100,001 to 200,000: 1.250 = 124,998,750
200,001 to 400.000: 625= 124,999,375
400,001 to 1,500,000: 312,5=343,749,688
TOTAL SUPPLY: 1,078,740,313 plus 10%
for founders fee will be mined in 5.78 years.

MAX TOTAL : 1,186,614,344 SUQA

2. The Ever Growing SUQA Ecosystem

In writing this article, I’ve already taken the liberty to express some of the unique issues that SUQA solves by calling out a few of them in the Specifications section. Again, feel free to jump ahead to Part 5 for the meat of content regarding SUQA relevance. For now, we expound on the ecosystem.

So what is an ecosystem? I would say that simply by reading this article or chatting with a friend about SUQA you have already begun to experience being a part of the ecosystem. An ecosystem as it pertains to blockchain technology is everything that works together to leverage the blockchain technology towards some meaningful purpose rather that be providing a service, product, or some other utility.

At its core, SUQA’s blockchain ecosystem focuses on support of blockchain startups, cryptolancers, and charities. This means SUQA can be very multifaceted and integral by the nature of this core setup. Startups can lead to FINTEC advancements which can lead to attracting more blockchain cryptolancers which can spur additional synergies for the betterment of our community and even our chosen charitable causes. The illustration below describes the basics of SUQA’s blockchain ecosystem:

As you can see, Proof of Work machinery is also an important part of the SUQA ecosystem which generates coins for use by the community. But the SUQA ecosystem actually involves external sources for SUQA such as exchanges which is another way for users to participate. In fact, the SUQA team has already partnered with Numus Crytpo in order to integrate a secure web-based escrow service for the trade of SUQA coins! For me, this was a first time seeing secure, private, fast and EASY escrow services through a web portal. I did a test transaction on my own and I can tell you I would highly recommend the service to anyone which is located through the escrow.mnrank.com website.

3. Use Cases

Okay folks, take a deep breath… We have some use cases to talk about!

SUQA developers have a code base that is flexible and integral. Some aspects of the code base have been forked from other successful projects while other parts of the code base are completely new and innovative. SUQA begins a use case scenario pertaining to blockchain startups, cryptolancers, and charities.

Imagine meeting with all the blockchain Start‐up Companies in the same social hub and being able to invest in the project with SUQA. This is the appeal and incentive that drives success. Users are automatically enrolled into a rewards program by supporting blockchain startups. The whitepaper details the rewards program and will be linked near the end of this article.

The SUQA platform is the gateway to ecosystem support for cryptolancers. Vibrant and talented supporters can easily apply their skills in support of startups and even charities while being rewarded by SUQA as well as the project they are supporting. This fosters teamwork and community within the blockchain ecosystem.

Charities mark an important focal point for the SUQA team. This is why it is one of the initial considerations of the ecosystem. In this way, SUQA will raise awareness while also inherently supporting charitable endeavors. And SUQA offers so much more when looking beyond these core use cases…

Did I mention innovation? Having the fastest POW transactions per second matters today and into the future. It is also likely that this speed will improve as SUQA founders have committed to ongoing blockchain development. Speed means the use cases already in place will flow smoothly.

In discussing use cases, it is also important to consider integration. SUQA has partnered with a fast, private, secure, and automated escrow service. This means a use case for asset transfer that many will and already do appreciate. Furthermore, the SUQA wallet has integrated a time-lock interest capability which could be used for various types of business or personal transactions. A private gift could be sent to a friend with a 5% Annual Percentage Rate (APR) time locked amount of SUQA coin. Or, a business contract could also stipulate payment through the time-lock option if so chosen. Also, there is a limited time in the first 3 months when the APR will be 25%.

Phew! And I’m sure I’m leaving some things out… But hey! The whitepaper has even more levels of detail!!

4. Unique Proof of Work Algorithm with Staying POWER!

SUQA developers have innovated a new mining algorithm which is not dominated by ASICs or FPGAs. SUQA’s new POW mining algorithm called X22i also requires a new miner which is now readily available.

X22i pursues the goal of ASIC and FPGA resistance by implementing multiple additional features over outdated proof of work algorithm chains like X11. For example, SUQA raises the memory requirements by a factor of four which is not a problem for CPU and GPU but much harder for FPGA and ASIC as they need to either use commodity RAM (giving them no advantage over CPU and GPU) or implement more internal ram, increasing the chip space needed. Another advantage over the classic PoW algorithms is a much longer algorithm chain. 22 algorithms create the need for a lot of chip space to implement the whole chain which is hugely cost-prohibitive for FPGA and ASIC. Lastly, on the topic of future-proofing: X22i is quantum computer resistant through clever use of the SWIFTX protocol.

SUQA can be mined easily with GPUs and CPUs. CPU mining is very easy and available from the desktop wallet with a simple “one-click” button to quickly activate CPU mining. GPU mining is available from open source GPU miners just by adding the server and wallet address.

Miners will also appreciate SUQA’s efficiency and reduced heat profile. SUQA proves that mining operations don’t have to maximize power consumption and heat output in order to be ASIC/FPGA/Quantum resistant. For larger miners this can mean easier scaling with less cooling and ventilation requirements.

I think you’ll agree given SUQA’s team commitment that this newly innovated POW algorithm has staying power!

5. Why People Support SUQA and Why You Should Too!!

Why. That’s not a question, it’s a statement. Why is the reason we belong here. Why is what drives us to how and ‘why’ is what makes everything work in the long run. SUQA developers understand the “why” of blockchain. No one here is expecting to take over the world economy (at least not this year!). But we do understand that the way we think about currency is changing with an emphasis on blockchain technology. To this end, SUQA is poised to ensure a stable ecosystem that supports blockchain veterans and newcomers.

To answer the ‘why’ of the business element, SUQA has put forth the following and much more is coming:

A) FPGA/ASIC/Quantum resistance and efficient POW for the long-run

B) Integral ecosystem to attract blockchain veterans and newcomers

C) Feature-Rich wallets with things like time-locked deliverable assets and one-click mining

D) Business savvy team already integrating with industry-disrupting technology (automated/private/secure/fast/easy escrow service)

E) Open and transparent team integrating players from around the world.

6. How You Can Participate in SUQA NOW!!!

Thank you for reading this article. It has been a pleasure to write and an absolute pleasure to work with the SUQA team. Going forward, I hope you will have a look at the following links in order to connect with the SUQA project:

Website: https://suqa.org/

Whitepaper: https://suqa.org/file/2018/10/suqa-whitepaper.pdf

Discord: https://discord.gg/qrtU7Y9

Bitcoin-Talk: https://bitcointalk.org/index.php?topic=5038269.0

Git-Hub: https://github.com/SUQAORG

Twitter: https://twitter.com/SUQAfoundation

Facebook: https://facebook.com/SUQAFoundation

Telegram: https://t.me/joinchat/KHrlAUd3hwzgV6dS8qMu4A

Please take some time to make some comments in any of the above spaces.